Brand could disappear with 87 restaurants and 3,000 jobs at risk after talks over rescue deal collapse
The company behind the UK arm of the TGI Fridays restaurant chain has said it plans to appoint administrators, putting the future of its 87 outlets and 3,000 employees in doubt.
The American diner brand could disappear from UK high streets after Hostmore, which is listed on the London stock market, said administrators from advisory firm Teneo would be appointed and its restaurants sold off to rivals. The restaurants will continue to operate as normal in the interim.
About Author
More Stories
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax